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A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2005. It has an estimated useful life of

image text in transcribed A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2005. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, 2005? (careful you only use the van for part of the year) $1,000. $1,333. $1,533. $4,000. $4,600

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